Lululemon Athletica Inc Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - LULU

PRNewswire 16-Aug-2024 9:45 AM

LOS ANGELES, Aug. 16, 2024 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against  Lululemon Athletica Inc. ("Lululemon" or "the Company") (NASDAQ:LULU) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Shareholders who purchased shares of LULU during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.

CASE DETAILS: The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Lululemon was the subject of multiple analyst price target drops on July 25, 2024. The Company's financial performance and its new "Breezethrough" line were particular areas of concern. Breezethrough has suffered from "inconsistent" inventory allocation and pricing, according to analysts following Lululemon.

If you are a shareholder who suffered a loss, contact us to participate.

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of INTC during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. There is no cost or obligation to you to participate in this case.

WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.

Join the case to recover your losses.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

David J. Schwartz

DJS Law Group

274 White Plains Road, Suite 1

 Eastchester, NY 10709

Phone: 914-206-9742

Email: David@djslawllp.com

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SOURCE DJS Law Group LLP